Streetbeat News

Earnings

META

Meta Platforms, Inc. (NASDAQ:META) CEO Mark Zuckerberg announced that over 50% of Instagram content and 30% of Facebook posts are AI-recommended. This statement was part of Meta's Q1 financial results, revealing a 27% revenue increase to $36.45 billion, surpassing estimates. AI has significantly boosted advertiser value, with AI-powered tools revenue doubling. Meta also introduced new user controls and labels for AI-generated content to enhance transparency and user engagement.

Portfolio Pulse from Ananya Gairola

April 25, 2024 | 1:54 am

AMZN

IBM

META

SNAP

TSLA

On Wednesday, Meta Platforms, Snap, Amazon, IBM, and Tesla were key stocks on investors' radars, with varied performances. Meta Platforms reported a 27% increase in Q1 revenue, beating estimates. Snap's stock fluctuated following a bill impacting TikTok. Amazon launched a new grocery delivery subscription, while IBM's revenue slightly missed estimates. Tesla's shares surged 12.06% despite missing analyst estimates, buoyed by investor sentiment.

Portfolio Pulse from Benzinga Neuro

April 25, 2024 | 1:47 am

META

Meta Platforms CEO Mark Zuckerberg highlighted Taylor Swift's debut on Threads, a social media platform by Meta, during the company's Q1 financial results announcement. Threads has over 150 million monthly active users, and Swift's presence, with over 9.3 million followers, was noted as significant. Meta's Q1 financial results showed a 27% year-over-year revenue increase to $36.45 billion, with earnings per share of $4.71, beating estimates.

Portfolio Pulse from Ananya Gairola

April 25, 2024 | 1:27 am

DIS

Disney+'s Australian animated hit 'Bluey' has become a significant draw for the platform, with its latest episode setting a viewership record. Despite its success, there's speculation about the show's future after hints of a potential ending and the show creator taking a break. The show's popularity underscores its importance to Disney+ in attracting and retaining subscribers, especially families with children.

Portfolio Pulse from Chris Katje

April 24, 2024 | 11:09 pm

ABAT

CDE

GROY

STLD

American Battery Technology refines its Tonopah Flats Lithium Project, improving project economics. Steel Dynamics reports strong Q1 results with significant net sales and income. Gold Royalty Corp partners with Taurus Mining for co-investment in precious metals. Coeur Mining releases its 2023 ESG Report, highlighting environmental and social achievements.

Portfolio Pulse from austin@walkonholdings.com

April 24, 2024 | 10:17 pm

HLX

Helix Energy Solutions Group (HLX) reported Q1 2024 adjusted EPS of $(0.03), missing the $0.02 estimate, with sales of $296.211M also missing the $296.725M estimate. This represents an 18.44% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 10:16 pm

NBHC

National Bank Holdings (NYSE:NBHC) reported Q1 2024 earnings of $0.82 per share, surpassing the $0.76 estimate, but saw a 22.64% decrease from last year's earnings. Sales of $101.724M missed the $103.683M estimate, marking a 7.15% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 10:15 pm

AGI

Alamos Gold (AGI) reported Q1 adjusted earnings per share of $0.13, meeting analyst estimates, with sales of $277.6M surpassing the $272M forecast, a 10.38% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 9:57 pm

FBMS

First Bancshares (NASDAQ:FBMS) reported Q1 2024 adjusted EPS of $0.65, surpassing the $0.59 estimate, but sales of $57.341M fell short of the $59.927M forecast. This represents a 24.42% decrease in earnings and an 11.68% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 9:49 pm

VRE

Veris Residential has increased its FY24 Core FFO per share outlook from the range of $0.48-$0.53 to $0.50-$0.54, aligning closely with the estimated $0.53.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 9:47 pm